Fintech Today
  • About
  • Banking
  • Insurance
  • Resources
    • COVID-19
Subscribe
No Result
View All Result
  • Digital Transformation
  • Customer Experience
  • Cybersecurity & Risk
  • Regulation & Compliance
  • Claims Management
Fintech Today
  • Digital Transformation
  • Customer Experience
  • Cybersecurity & Risk
  • Regulation & Compliance
  • Claims Management
No Result
View All Result
Fintech Today
No Result
View All Result
Home Digital Transformation

Final Ruling Favors Insurers as No Surprises Act Deadline Looms

by Jenna Sindle
November 19, 2021
in Digital Transformation, Insurance
Reading Time: 3 mins read
A A
Final Ruling
Share on FacebookShare on Twitter

With just weeks until the No Surprises Act goes into effect a final ruling by the Biden Administration has some parties – including 152 doctors in Congress – crying foul. What does the final ruling mean and how does the Biden rule affect the spirit and letter of the law? We take a look at these late breaking changes in this week’s news roundup.

152 Doctors in Congress Pushback on Biden Ruling on No Surprises Act

In a rare bipartisan moment, 152 doctors in Congress spoke out against the Biden ruling on the arbitration portion of the No Surprises Act. According to the letter of complaint, the ruling cuts the patient out of the arbitration process leaving the payers and providers to negotiate the fee that is owed. What concerns the bipartisan group of doctors is that this will still leave patients, particularly underserved patients, vulnerable to higher charges and lack of choice.

You can read the full story on NPR.

Podcast: Understanding Reasonable and Acceptable Reimbursements for Payers

The No Surprises Act is causing no end of confusion for both healthcare payers and providers. As the story above outlined arbitration is one common cause for concern, but what if payers could avoid going to arbitration in the first place, by ensuring reasonable and acceptable reimbursements were in place. In a recent podcast on Future Healthcare Today, industry expert, Greg Hackett joined host, Kevin Tierney, to discuss what constitutes reasonable and acceptable reimbursement to avoid disputes, or at least ease the independent dispute resolution (IDR) experience for payers.

You can listen to the full podcast here.

Price Transparency: Compliance Mandate or Strategic Investment?

While there’s push back from some quarters on the No Surprises Act because of the headaches is causing with only a year to implement, David Vivero, sees things differently. Vivero, the CEO of Amnio sees the No Surprises Act as an opportunity to make strategic investments that will set payers and providers on the right course for the future. In a recent article on Future Healthcare Today, Vivero shared that: “these regulations present a unique opportunity for payer organizations to gain a competitive edge by leveraging a substantial market shift to guide strategic investments and improvements.”

Want to read more of what Vivero has to say? You can do that here.

Tags: Insurance CompaniesLower PremiumsNo Surprises Act

RELATED POSTS

Health Insurers
Customer Experience

Helping Health Insurers Understand NSA Claims Identification

May 13, 2022
Four Stages
Digital Transformation

Four Stages to Meet Regulations: How Healthcare Payers Can Prepare for the Upcoming Machine-Readable File Requirements

January 11, 2022
Transparency in Coverage
Digital Transformation

Transparency in Coverage – Helping Health Payers Understand the Final Rule

December 9, 2021

TRENDING NOW

  • 2022

    2022 Outlook for Insurance Sector: The Rise of Coretech & Customer-Centered Ecosystems

    553 shares
    Share 221 Tweet 138
  • Helping Health Insurers Understand NSA Claims Identification

    494 shares
    Share 198 Tweet 124
  • The Key to Successful Outsourcing: Best Practices for Financial Services Organizations

    501 shares
    Share 200 Tweet 125
  • First Impressions Matter: How to Create Long-Lasting App Engagement from Day One

    503 shares
    Share 201 Tweet 126
  • Charitable Giving in the Crypto Economy

    492 shares
    Share 197 Tweet 123

CONNECT WITH US

Advertisement Banner Ad Advertisement Banner Ad Advertisement Banner Ad

BECOME AN INSIDER

Get Financial Technology Today news and updates in your inbox.

Strategic Communications Group is a digital media company that helps business-to-business marketers drive customer demand through content marketing, content syndication, and lead identification.

Related Communities

Future Healthcare Today
Government Technology Insider
Modern Marketing Today
Retail Technology Insider
Today’s Modern Educator

Quick Links

  • Home
  • About
  • Contact Us

Become a Sponsor

Financial Technology Today offers content and advertising sponsorships to leading technology solution and service providers. Interested in becoming a sponsor? Contact us!

© 2021 Strategic Communications Group, Inc.
Privacy Policy      |      Terms of Service

No Result
View All Result
  • Home
  • About
  • Banking
  • Insurance
  • Categories
    • Digital Transformation
    • Customer Experience
    • Cybersecurity & Risk
    • Regulation & Compliance
    • Claims Management
  • Contact Us